Yet marketing’s role in determining and reducing business risk is not well understood (Miller 1992). While a general recognition prevails that marketing assets contribute to a risk-resilient organization, the precise impact of marketing assets on risk mitigation has not been explored. An exception in this context is the work of Rego et al. (2009). Arguing that market-based assets such as brands should lead to reduced risk, these authors explore the impact of consumer based brand equity on firm risk using panel data. They conclude that brand equity plays a strong role in reducing downside systematic risk.